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Aug 20, 2009
08/09
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CNBC
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you're talking about the bric countries, brazil, india, russiaa, china. russia is still one of the ones you want to be invested? i recognize as oil goes higher it's positive but russia was sort of the outlier there for a little while. >> i'd say we're most focused, you know, at morgan stanley investment management we have an investment emerging markets portfolio manager rushi sharma. i agree with him. we very much like the india story. i'm probably a little more positive on brazil. but we want to stay in the big liquid countries. and we also have a positive bias toward some of the smaller countries where we're seeing catch-up, things like turkey. but there's a lot of interesting things going on in the u.s. versus global. take china versus the u.s. right now. china's financials are trading at almost three times book. the u.s. financials are trading at one times book. and in the near term i think the chinese banks will continue to do well, but ultimately they're going to participate price the way u.s. banks did from excessive lending along the way. there's
you're talking about the bric countries, brazil, india, russiaa, china. russia is still one of the ones you want to be invested? i recognize as oil goes higher it's positive but russia was sort of the outlier there for a little while. >> i'd say we're most focused, you know, at morgan stanley investment management we have an investment emerging markets portfolio manager rushi sharma. i agree with him. we very much like the india story. i'm probably a little more positive on brazil. but we...
97
97
Aug 20, 2009
08/09
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CNBC
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the top three producers are brazil, india and pakistan where you have heavy weather conditions that are bringing down productions. bottom line is to finish food products, this is a big, big deal. got a huge impact on food prices for people at general mills, kelloggs. watch that in their costs for next quarter. right now, play it with czz down in brazil. they're priced at 13 to 14 cents a pound. it's now around 30. they're minting money. corn products international, cpo, this is corn sweeteners or alternatives to sugar. this trade is not going to go away. this is not a case of a commodity trade that's gone through a squeeze on speculation. this is a change in the dynamics of sugar. >> would you say it's a buy right now? the run-up on that stock was scary. >> you'll get upgrades on earnings. they're priced off of sugars. that's half of where it's trading now. they've been trading that way for the last six to nine months. and also, they are specifically -- they're now a much levered play than they were last year. ethanol is the other big part of their business. that business is growing as
the top three producers are brazil, india and pakistan where you have heavy weather conditions that are bringing down productions. bottom line is to finish food products, this is a big, big deal. got a huge impact on food prices for people at general mills, kelloggs. watch that in their costs for next quarter. right now, play it with czz down in brazil. they're priced at 13 to 14 cents a pound. it's now around 30. they're minting money. corn products international, cpo, this is corn sweeteners...
63
63
Aug 20, 2009
08/09
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they point to china, india. if there's a demand, a true middle class growing out right now, that's what we're looking for. >> is there an economic barometer for economic activity? it's not the same incident that the u.s. stock market is for the u.s. economy. it's nonanticipatory in any way. >> down 20% in the last three weeks, petra down 20% from july 28 and the local market is down 7%. same thing with sinopex. a lot of the big cap names. that's a disconnect i don't feel comfortable playing. >> something you can't play. >> you've got to prefer to play some of the american plays, whether it's a three-point -- or going global. >> china. >> get the exposure. you don't know about them. those aren't investments. those are trades. >> let's bring in dennis guardman of the guardman letter. he's got expertise in the commodities market, certainly. the commodity king is his nickname. dennis, always a pleasure to see you. we've been having a very heated debate -- not so much on the debate. but are you looking at the shangha
they point to china, india. if there's a demand, a true middle class growing out right now, that's what we're looking for. >> is there an economic barometer for economic activity? it's not the same incident that the u.s. stock market is for the u.s. economy. it's nonanticipatory in any way. >> down 20% in the last three weeks, petra down 20% from july 28 and the local market is down 7%. same thing with sinopex. a lot of the big cap names. that's a disconnect i don't feel comfortable...
189
189
Aug 20, 2009
08/09
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FOXNEWS
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is going through the pain of limiting its emissions an china and india aren't, that they can opt out of the legislation. bret. bret: steve brown live in des moines. thanks. a civilian employee from fort louis army base in washington is at the center of a case over constitutional rights of speech and free assembly over over the government's concern over a group that engamed in civil disobedience. correspondent dan springer picked up the story r >> as anti-war groups tried to block this shipment of military equipment from ports in washington state to iraq and afghanistan, they had no idea a spy had infiltrated the ranks. now they are building a case against the man they knew as peace activist john cake could be, who is, in fact, john towery, a civilian army employee assigned to protection division at port arthur, washington. >> i sense a sense of betrayal. i felt like i lost a friend, and in reality, i did. >> the port militarization e assistance, or p.m.r. claims towery, a member of the group for two years and manages an e-mail list was illegally reporting and monitoring activities to
is going through the pain of limiting its emissions an china and india aren't, that they can opt out of the legislation. bret. bret: steve brown live in des moines. thanks. a civilian employee from fort louis army base in washington is at the center of a case over constitutional rights of speech and free assembly over over the government's concern over a group that engamed in civil disobedience. correspondent dan springer picked up the story r >> as anti-war groups tried to block this...